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Section 179 deduction on previous vehicle affect new purchase?
I purchased a vehicle in 2018 and took the maximum allowable Section 179 deduction in 2018. If I trade it in and purchase a new vehicle in 2020 does that affect the allowable 179 or bonus deduction on the new vehicle this year? If so, how do I calculate how much?
‎October 28, 2020
3:23 PM